BVCA response to Autumn Statement 2016

Commenting on the Chancellor’s speech in the House of Commons today, Tim Hames, Director General of the British Private Equity and Venture Capital Association (BVCA), said:

“The Chancellor has set out a pragmatic and flexible new approach to fiscal policy. His emphasis on both infrastructure and innovation and his support for regional economies is very welcome. The BVCA is particularly pleased to see a commitment to an additional £400 million to venture capital funds via the British Business Bank. We look forward to active engagement with the Patient Capital Review that has been announced and will be putting forward a range of policy suggestions to boost confidence in the UK economy in advance of the Budget in the Spring.”

Notes to editor

The British Private Equity & Venture Capital Association (BVCA) is the industry body for the UK private equity and venture capital industry. The BVCA has over 600 member firms, representing the vast majority of UK-based private equity and venture capital firms and their advisers.